1,062 broker-country pairs measured448 brokers20 countriesformula v1.0recalculated 2026-07-11data re-captured 2026-07-11updated 1 day agoAffiliate links never change scores.
Mercury Securities in MY — review, licence and costs
NANurul Aisyah author
DMDaniel Mercer editor
HRHafiz Rahman fact-checker
score recalculated 01.10.2026
Cost calculator (53 of 84 accounts · median of 84 priced)
Score (53 of 84 of 84 axes)
shown, not ranked: only 30% of the weight has data, need 55%
- Reviews25%no data
- Reviews20%no data
- Reviews20%safety 100
- Reviews15%no data
- Reviews10%no data
- Reviews10%platforms 15
2 + 3 × 0.751 = 4.25 · axes on 0–100, total on 2.0–5.0
Key facts (53 of 84 fields)
- Onboarding entity
- Mercury Securities Sdn Bhd (under Mercury Securities Group Berhad, Bursa-listed 0285)
- Founded
- no data
- Min deposit
- no data USDMY
- Retail leverage
- no dataMY
- Round turn
- no data USDMY
- Withdrawal
- no data hMY
- Currencies
- MYR
- Swap-free account
- no data
Licence check (53 of 84 of 84 entity)
SC Malaysia · CMSL, dealing in derivatives
no data
Open an account with Halden
Affiliate link; the score does not change. CFDs carry a high risk of rapid loss due to leverage.
Who actually onboards you(53 of 84 local and 1 offshore entity in the group)
- Sign-up from a Malaysia addressRouted to Malaysia Sdn. Bhd. by residence, not by IP.
- KYC by Malaysia Sdn. Bhd.MyKad and proof of address.
- Contract with the Sdn. Bhd.SC Malaysia rules apply; complaints go to SC Malaysia.
- Client moneySegregated with a Malaysia bank; bank name no data
Local entityUsed for Malaysian residents
- Mercury Securities (Malaysia) Sdn. Bhd., SC Malaysia CMSL/A0271/2015
- Retail leverage 1:50MY
- Negative balance protection: yes
Offshore entityNot used for Malaysian residents
- Halden Global Ltd, FSA Seychelles
- Leverage 1:1000group
- No SC Malaysia complaints route
If the sign-up form ever lands you on the Seychelles entity, the SC Malaysia licence above does not cover your account.
Leverage by entity (53 of 84 of 84 entities stated)
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards Malaysian residents enters the score.
Local entity · onboards youLocal entitylocal · SC Malaysia licence no data
1:200MY
Malaysia median, local entities: 1:50 · 18 of 20 statedApplies to youLocal entity · onboards youOffshore entityoffshore · SC Malaysia licence no data
1:750MY
Malaysia median, local entities: 1:50 · 18 of 20 statedApplies to youScale from 1:10 to 1:3000, logarithmic.
Client protection (53 of 84 of 84 stated)
- Local entity onboards youSC-regulated domestic stockbrokerclient agreement §4.2 · page
- Segregated client fundsno dataclient agreement §4.2 · page
- Negative balance protectionno dataclient agreement §4.2 · page
- Investor compensation schemeno dataclient agreement §4.2 · page
- Regulator warning on filenone foundclient agreement §4.2 · page
“no data” means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against Malaysia market median(priced from 53 of 84 of 84)
Round turn, 1 lot EURUSD, spread plus commission, USD
| Instrument | Halden Raw, USD | Halden Std, USD | Malaysia median raw | Malaysia median std | Priced |
|---|
Medians run over the brokers that publish a Malaysia price, never over all 44. Group-wide prices are excluded.
Accounts(53 of 84 types)
| Account | Min deposit, USD | EURUSD spread, pips | Commission, USD | Leverage | Swap | Currencies |
|---|
Swap-free account terms (53 of 84 terms · 5 stated)
| Term | Halden, Malaysia |
|---|
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Payouts(53 of 84 of 84 methods timed)
| Method | Deposit, h | Withdrawal, h | Fee, USD | Min, USD |
|---|
Taxes for a Malaysian resident(53 of 84 rules · as of 10.2026)
- Malaysia has no general capital gains tax on personal investment gains, so occasional/personal forex gains are typically not taxed as capital gains.https://www.mercurysecurities.com.my/faq/page
Not tax advice. Check with LHDN (Inland Revenue Board).
Deposit and withdrawal methods (53 of 84 methods · 2 local)
- FPX online bankinglocal
- Deposit
- instant
- Withdrawal
- deposit only
- Fee
- no data
- DuitNowlocal
- Deposit
- instant
- Withdrawal
- deposit only
- Fee
- no data
- bank transferlocal
- Deposit
- instant
- Withdrawal
- deposit only
- Fee
- no data
- Account currency
- MYR
- Fastest withdrawal
- no data h MY
- Fee declared
- 4 of 6 methods
- Withdrawal back to
- the funding method
Where it does not serve(53 of 84 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(53 of 84 of 84 platforms confirmed · 6 asset classes)
- MT5
- Mercury StraightThru mobile app, online eBroking
- cTrader
- Mercury StraightThru mobile app, online eBroking
- Web terminal
- Mercury StraightThru mobile app, online eBroking
- Mobile app
- Mercury StraightThru mobile app, online eBroking
- Copy trading
- Mercury StraightThru mobile app, online eBroking
- TradingView
- Mercury StraightThru mobile app, online eBroking
| Class | Count | Min spread | Leverage |
|---|
Reviews(53 of 84 platform · 25% of the score)
4.2/ 5
Trustpilot rating
1,384
reviews
28.09
snapshot, 2026
5 star64%
4 star14%
3 star6%
2 star4%
1 star12%
| Snapshot | Rating | Reviews |
|---|
Share of reviewers in Malaysia: no data The platform does not publish it.
Topics in 1-star reviews (53 of 84 reviews, snapshot 28.09.2026)
Withdrawal delays41 · 25%
Verification (KYC)33 · 20%
Slippage22 · 13%
Support response19 · 11%
Other51 · 31%
Pros and cons(53 of 84 + 5, each tied to a figure above)
For
- Raw round turn 6.20 USD vs Malaysia median 9.20
- SC Malaysia licence CMSL/A0271/2015, active on 01.10.2026
- MYR account; bank withdrawal 24 h, fee 0
- Swap-free with no admin fee; ranked #1 of 30
- One of 6 of 44 brokers that publish a withdrawal time
Against
- Payouts axis 58 of 100, the lowest of six
- Min deposit 100 USD vs 10 at Tidemark
- E-wallet withdrawal time and fee not published
- Group site advertises 1:1000, unavailable to Malaysian residents
- Gold round turn 9.80 USD; 3 brokers price it lower
Alternatives in Malaysia(53 of 84 of 84)
Methodology(53 of 84 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a Malaysia score. Full methodology
| Axis | Weight | What is measured | Halden |
|---|
Where Halden sits in the Malaysia base(53 of 84 brokers)
Round-turn cost, USD (53 of 84 of 84 priced)
2<6.5
26.5–7.5
27.5–8.5
38.5–9.5
39.5–10.5
110.5–11.5
4≥11.5
Highlighted: Halden Raw at 6.20
Minimum deposit, USD (53 of 84 of 84 priced)
9<25
925–99
10100
3101–299
4≥300
Highlighted: Halden at 100 · Malaysia median 50
Retail leverage (53 of 84 of 84 with a Malaysia figure)
11≤1:30
71:50
51:51–200
61:201–400
10>1:400
1 group-only figure excluded · 4 no data
Withdrawal time published (53 of 84 brokers)
Published, hours6No data38Halden is one of the 6
FAQ(53 of 84 questions)
Verified · What changed · Sources(53 of 84 sources · 4 changes)
Verified01.10.2026
next review 01.01.2027
What changed
Sources · precision